Iskraemeco to lay off in Slovenia

Editor: Anke Schröter

Iskraemeco is to lay off 150 employees at its unit in Kranj, Slovenia.

The company blames severe competition from Asia and the economic downturn for the decision. The final number of affected staff—the layoff is scheduled for autumn this year—will be announced in June. Iskraemeco has apparently allocated a sum of EUR 1,5 million for severance packages.